| Comment Number: | 522418-04368 |
| Received: | 6/26/2006 5:39:31 PM |
| Organization: | Quixtar |
| Commenter: | Mary Elder |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Regarding Business Opportunity Rule R511993: I applaud your efforts to ensure a fair and level playing field. I do believe that there should be rules designed to allow people to make an informed decision about starting their own business. Unfortunately, there are too many organizations out there that are fraudulent. However, I am concerned that some of the proposed rules will unfairly burden IBO's like myself, who are involved in a reputable and completely legal business. Specifically: There should be no 7 day waiting period required before registration. There should be no requirement of references or litigation history. And finally, there is no reason that we should be forced to disclose our financial records to prospects. That would begin a slippery slope, that I do not want to see occur. Would we ask our physician for his financial statement before he treated us? Would we demand to see the financial records of our child's math teacher, before allowing him to be in that class? What about Accountants or Financial Planners or Tax Attorneys? This is not the answer. Thank you for your time. Sincerely, Mary Elder